For the year ending December $31,2027,$ Pharoah Inc. reports net income $$176,000$ and cash dividends $$86,200.$

Determine the balance in retained earnings at December $31$ assuming the balance in retained earnings on January $1,2027,$ was

$$218,000.($List items that increase retained earnings first.$)$

PHAROAH INC.

Retained Earnings Statement

$

$